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Money
S&P raises Egypt’s outlook to positive from stable, maintains B rating
S&P revised Friday Egypt's outlook to positive on "rising reserves and strengthening economic growth," with a…
CIB bank Egypt nine-month net profit up 27%
Egypt’s largest listed bank Commercial International Bank (CIB) posted a 27 percent rise nine-month net profit to…
China unveils major steps to open its financial sector
China will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities,…
Egypt inflation eases, paving way for looser monetary policy
Egypt’s inflation dipped for the third month in a row in October after hitting a record high on energy price…
IMF and Egypt reach agreement on loan instalment of $2 billion
Egypt has reached a staff level agreement with the International Monetary Fund for an instalment of around $2…
UAE asks banks for information on 19 Saudis’ accounts: sources
The United Arab Emirates Central Bank and securities regulator have asked banks and finance companies in the UAE…
C.bank says Egypt hopes to issue €650mn one-year treasury bill
Egypt’s Ministry of Finance plans to sell 650 million euros in one-year euro-denominated treasury bills to local…
Egypt’s SAIB Bank net profit falls to $5.3 million in Q3
Third-quarter net profit of Societe Arabe Internationale de Banque (SAIB), the first joint Arab Bank working in…
Tycoon Naguib Sawiris says dreams of owning a private bank in Egypt
Egyptian billionaire businessman Naguib Sawiris said Tuesday that he wants to open a private bank in Egypt.…
Egyptian Gulf Bank 9-month profits jump 21%
Egyptian Gulf Bank (EGB) reported Wednesday a 21 percent increase in its nine-month profits to reach 373.3 million…